Podcast

Knowing who your competitors are and staying informed about industry trends is wise. It’s just good business - and being aware of what others are doing can even open the door for potential collaboration. However, there’s a big difference between taking inspiration from other businesses and flat out copying. That is certainly not okay.

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Coaching can be an immensely valuable service for a business owner. Over the years, I've had some fantastic experiences with coaches who made a significant impact on my business journey. However, as the coach, it's crucial to make sure that you are running your business with an unwavering commitment to risk mitigation.

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Since launching my business I’ve seen the story of business growth play out in many different ways. Sometimes it’s fantastic, with businesses taking off, flourishing, and setting up for long-term sustainability. However, sometimes businesses have folded, or suffered considerable losses. So, why does this happen? When growth occurs too quickly it becomes unsustainable and overwhelms the business.

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Today I’m diving into one of the aspects of my work that truly sets my soul on fire—drafting client service agreements for small business owners. This agreement lays out the terms a business enters into with its clients, setting the stage for a smooth, professional relationship. Join me as I take you through the intricacies of legal agreements and why the client service agreement holds a special place in my heart.

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In my business, I work with a lot of creatives to set them up for success and protect their ventures through well-crafted legal documents. Over time, I've noticed that I have the same recurring conversations and answer similar questions from my clients. So today I’m revealing the answers in one spot so you too can know the legal secrets that every creative entrepreneur must know.

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In today's episode, we're exploring one of the most complex and controversial issues in employment law: restraint of trade clauses in employment contracts. In the small business circles in which I operate, there's a lot of discussion around whether or not restraint clauses are valid and whether we can have them. And with the Federal Trade Commission in the United States banning the use of restraint of trade clauses in contracts altogether, the question we’re now asking ourselves now is: will Australia follow suit?

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This week's podcast episode is one I’ve been planning to record for a while, and it's finally time to share it with you. I've been working for some time on how to articulate in a really succinct and clear way how it is I do what I do when working with my clients, and how it is I create legal documents that work for small business owners.

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Intellectual property (IP) is a term you often hear in the world of creative businesses. I've observed that many business owners have a general understanding of IP but they don’t necessarily comprehend how to protect it effectively. That’s what I’m going to shed light on today so that you can understand what intellectual property means for your creative business and what you need to do to protect it.

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Unfair contract terms is a phrase you may have heard, but understanding this concept as a small business owner is more pressing now than ever before. 

In the past, small businesses were exempt from certain regulations regarding contract fairness. However, as of November last year, this is no longer the case. New legislation has made it critical for small businesses to ensure their contracts do not include unfair terms and the risks for non-compliance are very real, including penalties from $50,000 to $2.5 million, or even more.

So, what exactly are unfair contract terms, and why is this so crucial for small business owners to get right?

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As an interior designer, you translate a client's dream space into reality. You meticulously curate elements, organise renovations, and breathe life into functional and beautiful environments. 

But amidst the mood boards and material selections, a crucial element often gets sidelined: the legal foundation that safeguards your creative vision and protects your design business. 

Today we’re going through six key strategies specifically designed to help interior designers like you safeguard your businesses and intellectual property, ensuring your creative journey is paved with success and peace of mind.

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In my legal practice, I act for creatives, coaches and consultants by helping to set up their documents and the structures in their businesses to protect them moving forward. One topic that has been coming up a lot lately with my interior design clients in particular is commission payments and referral fees. If you are considering a referral arrangement or perhaps you already have an affiliate relationship in place, this is an important episode for you because there are certain considerations you need to keep in mind.

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Today, I’m talking about how business owners can find inspiration and fresh ideas from many sources - and sometimes totally unexpected ones! Now, you may never have expected to hear this one from me, but one surprising source of inspiration for business I've found is the movie Legally Blonde, starring Reese Witherspoon.

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Did you know that the current small business failure rate is 36% above the average?

It’s the worst it’s been in 11 years and the estimate is that ten thousand businesses will close down this financial year.  As I’ve said many times, prevention is better than cure so I want to share the five biggest reasons behind these business closures and the steps you can take to reduce this risk.

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With never ending to-do lists, getting legal documents in order is a task that often gets buried under a pile of other demands. Unfortunately, this neglect leaves businesses completely exposed without a leg to stand on. Today, I’m sharing a real-life case study of one of my clients as a cautionary tale about the importance of proactive risk management. Unfortunately, this client discovered the costly consequences of overlooking her essential legal documents but with the right knowledge, you can avoid situations like hers, which are all too common.

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The process of engaging a business lawyer can feel a little daunting for business owners. You don’t know what you don’t know and it can be difficult to know where to start. How do you know if someone is the right fit for you and your business? 

Your relationship with your business lawyer is a significant one for the health of your business so this is something you want to get right. To help streamline this process and make it as easy as possible, today I’m sharing some key questions you should ask before engaging a business lawyer.

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 As I’ve been reflecting on all that I’ve learned after 5 years of business, I thought I would share the 5 key lessons I’ve learned with you, so you have the best chance at success in your own business

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Over the past 20 years in my career as a lawyer, I’ve had the honour of supporting small business owners. One thing I have said time and time again is that prevention is better than cure because most of what I saw in my years working in litigation and dispute resolution could have been avoided. In this episode, I’m sharing 5 red flags to look out for in business which alert us to the fact that something is not right in business.

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There are a lot of risks in business. It’s not just in your finances, but your operations, strategy, compliance, and reputation too! It can be overwhelming, but we aren’t powerless. In the last episode, I talked about what risk is in business. Today I want to share the process I take clients through when we’re putting strategies in place to reduce or manage risk.

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